Uplifting First-Time Homebuyers Act of 2025

This bill would change federal tax law on early withdrawals from retirement accounts used to buy a first home. Under current law, people who take out up to $10,000 from certain retirement accounts for a first-time home purchase can avoid the extra 10% early withdrawal tax. The bill would raise that limit from $10,000 to $50,000. The change would apply to taxable years beginning after December 31, 2024.

Full text and official record on Congress.gov

Sponsors

• Ruben Gallego Democrat sponsor
• 1 cosponsors